Apollo launches sports capital unit with Tylis as CEO

NEW YORK - Apollo (NYSE:APO), a prominent financial services player with a market capitalization of $78.73 billion, announced Monday the formation of Apollo Sports Capital (ASC), a new investment business focused on providing capital solutions across the global sports and live events sector. According to InvestingPro data, Apollo maintains strong financial health with liquid assets exceeding short-term obligations.

The company has appointed Al Tylis as Chief Executive Officer, while Apollo Partners Rob Givone and Lee Solomon will serve as co-portfolio managers. Sam Porter has been named Chief Strategy Officer.

According to the press release, ASC will primarily invest in credit and hybrid opportunities within the sports landscape, including franchises, leagues, venues, media, and events. The platform is structured as a permanent capital holding company designed to provide patient capital to the sector.

"With Apollo Sports Capital, we’ve set out to build the preeminent investment company in the growing world of sports," said John Zito, Co-President of Apollo Asset Management.

Tylis brings experience as owner and chairman of Club Necaxa, La Equidad, and the Brooklyn Pickleball Team. He previously served as president and CEO of NorthStar Asset Management.

"Having owned or invested in many teams and leagues over the years, I know firsthand how valuable Apollo Sports Capital will be to the market," Tylis stated.

The new venture builds upon Apollo’s existing presence in sports, with the firm’s managed funds having deployed approximately $17 billion in the broader space to date, according to the company statement.

As of June 30, 2025, Apollo reported approximately $840 billion of assets under management. InvestingPro analysis suggests Apollo is currently trading below its Fair Value, with 8 analysts recently revising earnings expectations upward. For deeper insights into Apollo’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, along with 10+ additional ProTips and extensive financial metrics.

In other recent news, Apollo Global Management is in exclusive talks to acquire a majority stake in the Spanish football club Atletico de Madrid. The investment firm aims to purchase shares from Atletico Holdco, the main shareholder. Additionally, Apollo is considering selling AOL, with potential buyers valuing the company at approximately $1.5 billion, although no transaction is guaranteed at this stage. In another development, Apollo has built a short position against the debt of First Brands Group, utilizing a credit default swap to potentially profit if the company defaults on its debts.

Furthermore, Apollo is set to launch a $5 billion sports investment vehicle, seeking to expand its influence in the sports sector, which has seen increased interest from private capital groups. This initiative follows Apollo’s recent joint venture with RWE, which received a €3.2 billion cash injection. The venture, involving Amprion, has led Berenberg to maintain a Buy rating on RWE, citing the additional debt headroom and reduced net interest costs for the company. These recent developments highlight Apollo’s strategic moves across various sectors.

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